Geophysics Crew Completes Program on the Snowy Owl Gold Corp. Golden Eagle Property

Vancouver, British Columbia--(Newsfile Corp. - August 17, 2020) -  Snowy Owl Gold Corp. ("Snowy" or "Company") is pleased to announce the completion of the First Phase of the exploration program on Snowy's wholly-owned Golden Eagle Property in the Urban-Barry district in Quebec, Canada. The program consisted of a high resolution airborne magnetic geophysical survey performed by Precision Geosurveys Inc. ("Precision").

The crew mobilized to site on July 23^rd. The survey was conducted over the entire 8,867-acre claim area utilizing Precision's state-of-the-art triaxial magnetic gradient system.

The data obtained from the survey will be used to assist the technical team in interpreting the underlying geology, to map structures and magnetic anomalies, and is to be integrated with existing data sets to aid in identifying targets for the next phase of exploration.

About Snowy Owl Gold Corp.

Snowy Owl Gold Corp. is a private junior exploration company focused on the acquisition and exploration of gold projects. Snowy targets the established potential of Quebec to discover new quality gold deposits. Further information on Snowy is available at www.snowyowlgoldcorp.com.

For more information, please contact:

Raymond Wladichuk, P.Geo. - CEO
Phone: (778) 926-8596
Email: info@snowyowlgold.com

Forward-Looking Statements

This news release contains "forward-looking information" within the meaning of applicable securities laws. All statements contained herein that are not historical may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as "may," "will," "expect," "likely," "should," "would," "plan," "anticipate," "intend," "potential," "proposed," "estimate," "believe" or the negative of these terms, or other similar words, expressions and grammatical variations thereof, or statements that certain events or conditions "may" or "will" happen, or by discussions of strategy.

Readers are cautioned to consider these and other factors, uncertainties and potential events carefully and not to put undue reliance on forward-looking information. The forward-looking information contained herein is made as of the date of this press release and is based on the beliefs, estimates, expectations and opinions of management on the date such forward-looking information is made. The Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.

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